Question 1

What is a One Person Company (OPC) and who is eligible to form one?

Accepted Answer

An OPC is a specialized corporate structure introduced under Section 2(62) of the Companies Act, 2013, allowing a single solo entrepreneur to enjoy 100% ownership with complete corporate limited liability protection. Any natural person who is an Indian citizen (resident or non-resident) can incorporate an OPC.

Question 2

Why is appointing a Nominee Director mandatory in an OPC?

Accepted Answer

Under Section 3(1)(c), the sole member of an OPC must nominate an individual (Nominee) who will take over the management and ownership of the company in the event of the sole subscriber's death or permanent incapacity. The nominee's written consent is submitted in Form INC-3. TaxQue drafts the nominee documentation for you.

Question 3

What are the key advantages of an OPC over a Sole Proprietorship?

Accepted Answer

An OPC is a distinct legal entity with separate legal identity, limited liability (protecting personal family assets from business debts), continuous perpetual succession, and the ability to sign commercial contracts and own property in its corporate name.

Question 4

Are there any turnover or capital restrictions on an OPC?

Accepted Answer

No. Under the amended MCA rules, the earlier restrictions (compulsory conversion upon crossing ₹2 Crore turnover or ₹50 Lakhs capital) have been completely abolished. An OPC can now operate with unlimited revenue and capital without mandatory conversion.

Question 5

How long does it take to register an OPC with TaxQue?

Accepted Answer

The process takes 5 to 7 working days, covering Class 3 DSC procurement for the sole member, Name Approval (SPICe+ Part A), nominee consent filing (INC-3), electronic MOA/AOA drafting, and Certificate of Incorporation issuance with PAN, TAN, and DIN.

Question 6

Who will manage our OPC registration at TaxQue?

Accepted Answer

Your OPC incorporation is handled by an experienced Company Secretary and Corporate Legal Associate. We ensure the MOA object clauses and nominee declarations comply 100% with Companies Act provisions.

Question 7

Can an NRI (Non-Resident Indian) incorporate an OPC in India?

Accepted Answer

Yes. Under recent MCA amendments, NRIs and overseas Indian citizens are legally permitted to incorporate an OPC in India. The mandatory 182-day physical stay requirement has been reduced to 120 days.

Question 8

Can one person incorporate multiple OPCs in India?

Accepted Answer

No. Under Rule 3(2) of Companies (Incorporation) Rules, a natural person can be a member/shareholder in ONLY ONE One Person Company at any given point in time, and can act as a nominee in only one OPC.

Question 9

Can an OPC be converted into a regular Private Limited Company later?

Accepted Answer

Yes. An OPC can convert into a multi-shareholder Private Limited Company at any time voluntarily by passing a special resolution, increasing members to 2 and directors to 2, altering MOA/AOA, and filing Form INC-6 with ROC. TaxQue manages seamless OPC conversions.

Question 10

What documents are required from the founder and nominee?

Accepted Answer

Both the founder and the nominee must provide: Self-attested PAN Card, Identity Proof (Passport, Voter ID, or DL), latest Bank Statement or Utility Bill (< 2 months old), and passport-size photographs. Registered office address proof with landlord NOC is also required.

Question 11

Can an OPC be registered from a residential home address?

Accepted Answer

Yes. You can use your rented or owned home address as the registered office by providing the latest electricity bill, a rent agreement, and a signed NOC from the property owner.

Question 12

What are the annual compliance exemptions enjoyed by an OPC?

Accepted Answer

An OPC is exempt from holding Annual General Meetings (AGMs), exempt from preparing Cash Flow Statements in financial accounts, and needs to hold only 2 board meetings per year (one in each half of the calendar year with a minimum 90-day gap).

Question 13

What ongoing annual compliances are mandatory for an OPC?

Accepted Answer

An OPC must appoint a statutory auditor (Form ADT-1), get its accounts audited annually by a practicing CA, file annual financial statements (Form AOC-4 OPC within 180 days), file annual return (Form MGT-7A), complete Director KYC (DIR-3 KYC), and file income tax return (ITR-6). TaxQue provides all-in-one OPC Annual Compliance packages.

Question 14

Can an OPC engage in Non-Banking Financial Investment (NBFC) activities?

Accepted Answer

No. Under Rule 3(5), an OPC cannot carry out non-banking financial investment activities, including investment in securities of any body corporate, nor can it convert into a Section 8 charitable company.

Question 15

What is the fee for OPC Registration with TaxQue?

Accepted Answer

We offer transparent fixed pricing covering Name Approval, 1 Class 3 DSC, customized MOA/AOA, Nominee filing (INC-3), Certificate of Incorporation, PAN/TAN, DIN, and stamp duties, with zero hidden charges.

Question 16

How do we receive our official OPC Incorporation Certificate?

Accepted Answer

Upon approval by the Registrar of Companies (ROC), an official Certificate of Incorporation containing the Corporate Identification Number (CIN) is issued digitally along with company PAN and TAN cards.

Feature & Deliverable Matrix	Basic	Standard★ Most Popular	Premium
Name Availability Verification & Portal Reservation Assistance	✓	✓	✓
Drafting of MOA, AOA / Deed & Statutory Declarations	✓	✓	✓
Official Government Portal Filing & Document Submission	✓	✓	✓
Certificate of Incorporation / Registration Delivery	✓	✓	✓
Entity PAN & TAN Allocation Coordination	✓	✓	✓
Assigned Company Secretary (CS) & Corporate Legal Advisor	—	✓	✓
Class-3 Digital Signature Certificates (DSC) & Director DINs	—	✓	✓
Assisted Corporate Bank Current Account Opening Setup	—	✓	✓
Mandatory EPFO, ESIC & State Tax Registrations Included	—	✓	✓
1st Board Meeting Resolutions & INC-20A Commencement Filing	—	—	✓
Custom Shareholder & Co-Founder Agreement Drafting (SHA/SSA)	—	—	✓
Free Comprehensive Trademark Brand Search & Class Verification	—	—	✓
Dedicated Corporate Advisory Desk for Annual ROC Compliances	—	—	✓

Stakeholder / Element	Mandatory Documentation	Formatting Guidelines
Sole Founder & Director	PAN Card, Aadhaar Card, Passport Size Photo, Bank Statement / Utility Bill (< 2 months)	Self-attested color copy
Nominee Director	PAN Card, Aadhaar Card, Passport Size Photo, Bank Statement (< 2 months), Consent Form INC-3	Signed nominee consent form
Registered Office Address Proof	Electricity Bill / Municipal Tax Receipt (< 2 months) + Rent Agreement + Landlord NOC	Verifiable premises utility bill
Charter Documents	Electronic Memorandum of Association (e-MOA) and Articles of Association (e-AOA)	Drafted as per Companies Act 2013

Compliance Event / Form	Statutory Deadline	Statutory Penalty for Default
INC-20A (Commencement of Business)	Within 180 days of incorporation	₹50,000 on company + ₹1,000/day on director
AOC-4 (Financial Statements)	Within 180 days of financial year end (27th September)	₹100 per day continuing penalty with no upper limit
MGT-7A (Abridged Annual Return)	Within 60 days of financial year end (29th November)	₹100 per day continuing penalty under Section 92(5)
DIR-3 KYC / Web-KYC	30th September every financial year	DIN deactivation + ₹5,000 late fee for reactivation

Structural Element	Statutory Provision	Legal Details
Minimum / Maximum Members	Exactly 1 Member, Minimum 1 Director (Max 15 Directors)	Section 2(62) Companies Act
Nominee Director Mandate	1 Nominee Director (Indian Citizen)	Rule 3 Companies (Incorporation) Rules
Turnover & Capital Limits	NO LIMITS (Previous ₹2 Cr / ₹50L restrictions removed)	Unrestricted growth without mandatory conversion
Voluntary Conversion to Pvt Ltd	Permitted anytime upon adding second director/member	Simple conversion procedure via Form INC-6

Parameter	TaxQue Corporate Desk	Generic Automated Websites	Local Bookkeeper
Nominee Legal Drafting	Custom Form INC-3 with succession safeguarding clauses	Generic one-page consent	Often misses nominee formalities
INC-20A Commencement Filing	Included in incorporation package with bank deposit check	Leaves founder stranded post-COI	Charges high extra fees
Future Conversion Advisory	Free guidance on converting to Private Limited when hiring co-founders	No conversion support	Unfamiliar with INC-6 rules

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OPC Registration

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Right Plan For OPC Registration

One Person Company (OPC) Registration

What is OPC Registration?

Nominee Consent (Form INC-3) Mandate

How to Get Started

Founder & Nominee KYC + DSC Issuance

SPICe+ Part B & Nominee Consent Filing

Central Registration Centre Approval & COI Delivery

Documents Required for OPC Registration

Statutory Deadlines & Penalty Matrix for OPCs

OPC Structural Thresholds & Conversions

Why Choose OPC Registration

100% Solo Equity Ownership

Reduced Annual Compliance Overhead

Complete Startup Kit Included

Eligibility Criteria for OPC Registration

1Solo Founders

TaxQue OPC Service vs Generic Portals

Key Features of TaxQue OPC Services

7-Day Rapid Delivery

Zero Balance Corporate Account

Full Limited Liability

MCA Compliance

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Form	Purpose	Frequency	Due Date
Form INC-20A	Declaration for Commencement of Business	Once	Within 180 days from the date of incorporation
Form AOC-4	Filing of Financial Statement	Annual	Within 30 days from the conclusion of the AGM
Form MGT-7A	Filing of Annual Return	Annual	Within 60 days from the conclusion of the AGM